Twitter is contemplating legal action against Tesla and SpaceX CEO Elon Musk over his decision to terminate a USD 44 billion takeover deal. As per The Hill, the microblogging site has hired a large New York-based law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Musk. Twitter will file its lawsuit
The Tesla shares sale came after Elon Musk earlier this week clinched a deal to buy Twitter for $44 billion cash. Elon Musk sold 4.4 million Tesla shares on Tuesday and Wednesday, according to the filings. Tesla Inc Chief Executive Officer Elon Musk sold $4 billion worth of shares in of the electric vehicle maker,
Elon Musk reached an agreement to buy Twitter for roughly $44 billion on Monday, promising a more lenient touch to policing content on the social media platform where he — the world’s richest person — promotes his interests, attacks critics, and opines on a wide range of issues to more than 83 million followers. “We
